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U.S. Rep. Michael Grimm pleads guilty to one count of tax fraud

After winning re-election to Congress just last month, Rep. Michael Grimm (R-N.Y.) has pled guilty to one felony charge of tax fraud. Grimm had faced a 20-count indictment during his re-election campaign, yet he handily beat Democratic opponent Domenic Recchia for his third term in Washington.

Grimm, who maintained his innocence throughout election season, promised to resign if he was convicted. And at least one newspaper hopes he makes good on his promise; the New York Daily News gave the indicted then-candidate its endorsement on the hopes that he would be convicted, "paving the way for a match between two fresh candidates."